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Ep. 62: Joe Fahmy: Why Biotech Stocks Are Emerging As Leaders In Stock Market Recovery

Investing With IBD

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The Importance of Listening to the Market

I actually was thinking it was going to fail because we're below the 200 day. But what was interesting is 90% of what I use to judge the health of the market is the price action of the leaders. And when I ran through my screens and I, I just a light bulb went off and I just said, wow, here's another one. Here's another one software, semis, all these different leadership groups. They just kept showing up as, you know, near highs at highs. It doesn't get really that much better than this for stocks.

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